Speaking on the occasion, Dr. Kumar said: “In the 21st century, the paradigms of the global economies are changing, as increasingly the creation of wealth is dependent on ‘knowledge assets’ as compared to the ‘material assets’ of the previous years. India is fortunately blessed with both natural material wealth as well as knowledge assets in its people. In order to face global competition and simultaneously evolve to reach our targets of becoming a developed country by 2020, it would be essential to harness our assets to attain maximum productivity levels”.
Dr. Kumar commended the initiatives of NPC and Asian Productivity Organisation (APO) in making efforts to bring together various stakeholders of the Asian countries, to discuss the global practices in knowledge management with resource speakers and experts from both the West and East of the World. “In order to make substantial gains out of the intellectual wealth which is natural embodiment of our people, the government is also consciously promoting ‘knowledge’ based development in all forms of economic activities. The government has constituted the “Knowledge Commission” to identify priority areas of action to promote knowledge based wealth creation and the commission has already provided many action plans for development and implementation.
India’s economy is now much more integrated with “Knowledge Economy” and has been benefited from this integration in many ways. The outstanding success of IT and IT-enabled services (ITES) has demonstrated what Indian skills and enterprise can do – given the right environment. Similar strength is now evident in sectors such as pharmaceuticals, bio-technology, space research, health services, financial services etc. These gains in competitiveness are now spreading to other sectors also.
National Productivity Council, the apex institution spearheading the productivity movement in the country, would be completing 50 years of its existence this month, has been offering consultancy, training, research & awareness creation activities to spread the message of productivity in all sectors of the Indian economy. With the development of services and manufacturing sector as a crucial factor towards gaining leadership in the knowledge economy, NPC has been developing services in the area of knowledge management